Granite Ridge Resources, Inc., listed on the NYSE as GRNT, has announced its financial and operating results for the second quarter of 2025. The company reported a significant growth in daily production, with a 37% increase to 31,576 barrels of oil equivalent per day, up from 23,106 Boe per day in the same period of 2024. This increase was driven by a 46% rise in oil production and a 28% rise in natural gas production. Granite Ridge's net income for the quarter stood at $25.1 million, or $0.19 per diluted share, marking a substantial rise from $5.1 million, or $0.04 per diluted share, in the prior year period. Adjusted Net Income, a non-GAAP measure, was reported at $14.0 million, or $0.11 Adjusted Earnings Per Diluted Share. The company generated $75.4 million in Adjusted EBITDAX. Development capital expenditures for the quarter amounted to $77.2 million, with an additional $10.1 million invested in acquisition capital to secure high-quality drilling opportunities. For the full year 2025, Granite Ridge updated its guidance, projecting annual production between 31,000 and 33,000 Boe per day, with oil comprising 51% to 53% of sales volumes. The company anticipates spending between $280 million and $300 million on development capital expenditures, and total capital expenditures are expected to range from $400 million to $420 million. Furthermore, the Board of Directors declared a regular quarterly dividend of $0.11 per share, payable on September 15, 2025, to shareholders of record as of August 29, 2025.